Short Interest in JFrog Ltd. (NASDAQ:FROG) Expands By 6.9%

JFrog Ltd. (NASDAQ:FROG) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 2,930,000 shares, a growth of 6.9% from the December 31st total of 2,740,000 shares. Currently, 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 968,900 shares, the short-interest ratio is presently 3.0 days.

JFrog Trading Up 1.6 %

Shares of FROG stock traded up $0.57 during trading hours on Tuesday, hitting $36.02. 105,277 shares of the company’s stock were exchanged, compared to its average volume of 885,004. JFrog has a 12-month low of $22.91 and a 12-month high of $48.81. The business’s 50 day simple moving average is $31.77 and its 200-day simple moving average is $30.69. The company has a market capitalization of $3.67 billion, a PE ratio of -67.94 and a beta of 0.97.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.24). The business had revenue of $109.06 million during the quarter, compared to the consensus estimate of $105.54 million. JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. During the same period in the previous year, the business earned ($0.10) earnings per share. Equities analysts anticipate that JFrog will post -0.32 EPS for the current year.

Analyst Upgrades and Downgrades

FROG has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. TD Cowen boosted their price objective on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Barclays dropped their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Truist Financial reiterated a “buy” rating and set a $35.00 price target (up previously from $33.00) on shares of JFrog in a report on Friday, November 8th. Finally, Scotiabank lifted their price objective on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.89.

Insiders Place Their Bets

In other JFrog news, Director Yossi Sela sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total value of $796,500.00. Following the completion of the sale, the director now owns 355,129 shares of the company’s stock, valued at approximately $11,314,409.94. This trade represents a 6.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 4,111 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $36.07, for a total value of $148,283.77. Following the transaction, the chief technology officer now directly owns 6,563,131 shares in the company, valued at $236,732,135.17. The trade was a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 356,044 shares of company stock worth $11,414,883. Corporate insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in JFrog by 30.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after acquiring an additional 210,000 shares during the period. JPMorgan Chase & Co. raised its stake in JFrog by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after buying an additional 159,483 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of JFrog by 55.8% during the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after acquiring an additional 514,895 shares in the last quarter. North Peak Capital Management LLC bought a new stake in JFrog during the third quarter valued at approximately $73,417,000. Finally, Atom Investors LP increased its holdings in JFrog by 57.0% in the 3rd quarter. Atom Investors LP now owns 66,449 shares of the company’s stock worth $1,930,000 after acquiring an additional 24,120 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

About JFrog

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.